Among the changes in the One Big Beautiful Bill Act is an adjustment to the state and local tax deduction cap. The bill temporarily increases the SALT deduction cap, allowing taxpayers to deduct a ...

House and Senate Republicans are not close to a deal on raising the state and local tax deductions, leaving the fate of the “one big, beautiful” reconciliation bill up in the air as the lower ...

House Republicans who secured a bigger cap on state and local tax deductions are pushing back on Senate Republicans, who are keeping the SALT cap at $10,000 in their forthcoming legislation as a ...

President Donald Trump's "big beautiful bill" increased the SALT deduction limit to $40,000 for 2025. Here's how to maximize the tax break.

Stream Connecticut News for free, 24/7, wherever you are. When you itemize tax breaks, you can claim the SALT deduction, which includes state and local income taxes and property taxes. Trump's 2017 ...

President Donald Trump expressed optimism that lawmakers could reach a compromise on the state and local tax deduction - a sticking point in his “One Big Beautiful Bill” - even as a key SALT advocate ...

The ongoing debate in the U.S. Congress over the state and local tax (SALT) deduction cap is a testament to the complexities of fiscal policy. Introduced in the 2017 tax law, the $10,000 cap was ...

Senate Republicans are coming around to the $40,000 cap on state and local tax deduction key House lawmakers demand in President Donald Trump’s massive tax package, but they want to lower the income ...

House Republicans on Thursday approved President Donald Trump's "big beautiful bill," which includes changes to the limit for federal deduction for state and local taxes, known as SALT. When you ...